China’s benchmark Shanghai Composite Index (000001.SH) gained 1.01% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 0.78%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.87% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.34%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Boeing 737 Max Lands in Shanghai for Flight Tests to End Grounding
American aviation giant aims to get the plane back in the air by year-end in China, one of its most important markets
· Opinion: Why Forced Drinking Culture Is Worse Than You Think
Alibaba rape allegations are bad enough, but ‘quanjiu’ will block China’s progress as a modern market economy, a professor argues
· Energy Insider: Power Shortage Worsens in Guangxi; Geely Joins With Renault in Hybrid Vehicle Push
Shanxi Coking Coal to acquire 51% of Huajin Coking Coal; Zhejiang Huatie denies fraud allegations; Tibet Summit Resources profit surges on EV-driven lithium demand
· Alibaba to Fire Manager Accused of Raping Colleague
CEO Daniel Zhang said e-commerce giant will now create a policy on sexual harassment
· ByteDance Denies Reports of a Hong Kong Listing Plan
Beijing-based company rejects Financial Times article which said it would file for an IPO by early 2022
CNN fires unvaccinated employees for coming to office and 6,000 Alibaba staff call for anti-sexual assault mechanism at the company
· Yunnan’s Roaming Elephant Herd Nears Home
Pachyderms that trekked more than 500 kilometers through Southwest China are guided back to where they departed in March 2020
· Shanghai Cancels English Final Exam for Elementary School Students
Students will only take scored finals in math and Chinese, in the lates
· Airbus Says New Narrow-Body Planes Could ‘Complement’ Chinese Craft on Regional Routes
Comments come as investors try to gauge just how much of a threat the country’s push to use more of its own aircraft might be to foreign firms
· Beijing Sets Five-Hour Deadline for Informing Public About Emergencies
The Chinese capital has revised its general contingency plan in an effort to shore up its emergency response mechanism
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This article was generated by Caixin Automation.
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